DEPARTMENT OF LABOR

Employment and Training Administration

TA-W-95,334

INVESTORS BANK
BANK SECRECY ACT/ANTI-MONEY LAUNDERING DEPARTMENT
ISELIN, NEW JERSEY

Certification Regarding Eligibility
To Apply for Worker Adjustment Assistance

In accordance with Section 223 of the Trade Act of 1974, as
amended ("Act"), 19 U.S.C. § 2273, the Department of Labor
herein presents the results of an investigation regarding
certification of eligibility to apply for worker adjustment
assistance.
The group eligibility requirements for workers of a firm
under Section 222(a) of the Act, 19 U.S.C. § 2272(a), are
satisfied if the following criteria are met:
(1) a significant number or proportion of the
workers in such workers' firm have become totally or
partially separated, or are threatened to become
totally or partially separated;
(2)(B)(i)(I) there has been a shift by the workers'
firm to a foreign country in the production of
articles or supply of services like or directly
competitive with those produced/supplied by the
workers' firm; OR
(II) there has been an acquisition from a
foreign country by the workers' firm of
articles/services that are like or directly
competitive with those produced/supplied by
the workers' firm; AND
(ii) the shift/acquisition must have contributed
importantly to the workers' separation or
threat of separation.

The investigation was initiated in response to a petition
filed on October 29, 2019 by a State Workforce Office on behalf
of workers of Investors Bank, Bank Secrecy Act/Anti-Money
Laundering Department, Iselin, New Jersey (Investors Bank-
BSA/AML). Investors Bank is engaged in activities related to the
supply of banking services. Workers of the BSA/AML unit are
separately identifiable from other units within Investors Bank.
The worker group does not include on-site leased workers.
During the course of the investigation, information was
collected from the petition and the workers' firm.
Section 222(a)(1) has been met because a significant
number or proportion of the workers in Investors Bank-BSA/AML
have become totally or partially separated, or are threatened to
become totally or partially separated.
Section 222(a)(2)(B) has been met because the workers'
firm has acquired from a foreign country the supply of services
like or directly competitive with those supplied by the subject
workers which contributed importantly to worker group
separations at Investors Bank-BSA/AML.
Conclusion
After careful review of the facts obtained in the
investigation, I determine that workers of Investors Bank-
BSA/AML meet the worker group certification criteria under
Section 222(a) of the Act, 19 U.S.C. § 2272(a). In accordance
with Section 223 of the Act, 19 U.S.C. § 2273, I make the
following certification:
"Workers of Investors Bank, Bank Secrecy Act/Anti-Money
Laundering Department, Iselin, New Jersey, who became
totally or partially separated from employment on or after
October 28, 2018, through two years from the date of
certification, and all workers in the group threatened with
total or partial separation from employment on the date of
certification through two years from the date of
certification, are eligible to apply for adjustment
assistance under Chapter 2 of Title II of the Trade Act of
1974, as amended."
Signed in Washington, D.C. this 28th day of August 2020.

/s/Del-Min Amy Chen
______________________________
DEL-MIN AMY CHEN
Certifying Officer, Office of
Trade Adjustment Assistance